EURUSD

EURUSD is attempting a bullish IHS. Initial resistances is right on the falling trendline at 1.30, then 1.3155 of 38.2% fib extension. It would be a major positive for the broader markets if it were to clear these 2 major resistances & form the IHS in earnest. I don’t believe it’ll be that rosy for it considering its lower high trend.

EURUSD is the most traded forex pair daily in terms of value & has major risk “on” “off” implications for the macro picture.